Managers Control Self-Assessment; MCA) Sr. Lead Analyst - SVP

The Independent Risk Management (IRM) Controls organization at Citi is focused on embedding an industry-leading risk management culture across the enterprise that results in exceptional execution and strengthens franchise value. This Senior Vice President (SVP) role will report to the Head of Controls for Operational Risk Management, Credit Risk Review, and the Risk Chief Administrative Office. Individuals in MCA are responsible for designing and implementing a comprehensive and robust Managers Control Self-Assessment (MCA), also known as Risk & Control Self-Assessment (RCSA), and the execution of control activities thus improving identification and remediation of significant control issues and operational risk events in a timely manner.

Developed communication and diplomacy skills are required in order to guide, influence and convince others. The individual in this role will also have the responsibility for pulling together reporting, communicating a holistic narrative related to IRM controls under their responsibility.

• Demonstrate subject matter expertise in the controls space for highly complex areas within finance, governance, operational loss capture, and scenario analysis.
• Manage the execution of control activities in support of Managers Control Self-Assessment (MCA) program, also known as Risk & Control Self-Assessment (RCSA).
• Manage the MCA program, including the annual/semi-annual/quarterly/monthly attestation, quality oversight and related reporting.
• Take ownership to identify, analyze, and assess potential risks, ensuring timely identification and remediation of significant control issues and operational events.
• Drive the execution of the MCA in accordance with the ORM Policy & Framework, as well as applicable Policies, Standards, and Procedures.
• Develop and maintain ORM tools and methodologies to support accurate and consistent assessments of the risk and control environment
• Consistently monitor key performance indicators (KPIs) and evaluate effectiveness of the risk and controls.
• Propose enhancements or improvements as necessary to the MCA.
• Implement a robust tracking and reporting MCA inventory including key metrics to provide visibility on the status of control gaps and MCA quality control processes, highlighting risk and escalating concerns in a timely manner.
• Champion MCA best practices transformation, and execution consistency across business/functions.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standards.
• Partner with control owners on inherent risk rationale and reassessment of rationale in accordance with monitoring results.
• Develop and maintain strong working relationships with in-Business & Function Risk / Control Leads and other key stakeholders.
• Produce analytics, status updates and monthly reporting to inform decision-making regarding control performance and potential enhancements.
• Contribute to a robust control environment and culture.

• 10+ years of experience in operational risk management, compliance, audit, or other control-related functions in the financial services industry.
• Ability to identify, measure, and manage key risks and controls.
• Track record leading Control related projects and programs
  • Ability to see the big pictures with high attention to critical details.
• Experience with design, re-design, or enhancing of control environments and risk and control self-assessment processes.
• Develop and implement strategy and process improvement initiatives.
• Comprehensive knowledge of Citi’s businesses and functions and their risk profiles.
• Demonstrated ability to think strategically, analytically, and creatively problem solve.
• Developing new ideas and…